3 Bed Terraced House, Refurb/BRRR, Torquay, TQ1 1NP, £70,000

Princes Road, Torquay, Devon, TQ1 1NP - 5 views - 3 months ago

Sold STC
Auction
Refurb/BRRR
ROI: 8%
~93 m²
+11 photos

ValuationFair Value

Sold Prices£142.5K - £360K
Sold Prices/m²£1.4K/m² - £4.1K/m²

 

 

Square Metres

~93 m²
Price/m²£753/m²

Value Estimate

£70,700

 

 

End Value (After Refurb)

£179,782

Uplift in Value

+157%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£3,300

Refurb Costs

£37,702

Bridging Loan Interest

£1,838

Total Cash In

£62,089

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£179,782

Agent Fees (1%)

£1,798

Bridging Loan

£52,500

Bridging Loan Interest

£1,838

Flip Profit

£63,395

Local Sold Prices

50 sold prices from £142.5K to £360K, average is £212.5K. £1.4K/m² to £4.1K/m², average is £2.3K/m².

PriceDateDistanceAddressBeds 
£180K08/230.01 mi42, Princes Road, Torquay, Torbay TQ1 1NP3
£155K11/200.05 mi26, Alexandra Road, Torquay, Torbay TQ1 1HZ3
£177.3K09/210.07 mi39, Cavern Road, Torquay, Torbay TQ1 1NS3
£170K07/210.1 mi17, Princes Road West, Torquay, Torbay TQ1 1PB3
£165K03/230.11 mi18, Ellacombe Road, Torquay, Torbay TQ1 3AT3
£170K03/210.12 mi26, Princes Road West, Torquay, Torbay TQ1 1PD3
£192K01/230.14 mi52, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£215K07/210.14 mi56, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£171K12/200.14 mi76, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£215K07/210.14 mi56, Ellacombe Church Road, Torquay, Torbay TQ1 1LL3
£187.5K08/230.15 mi2, Wellington Place, Torquay, Torbay TQ1 3AZ3
£175K10/200.15 mi6, Dunmere Road, Torquay, Torbay TQ1 1LR3
£205K11/210.15 mi20, Dunmere Road, Torquay, Torbay TQ1 1LR3
£197.5K05/230.17 mi40, Woodville Road, Torquay, Torbay TQ1 1LP3
£220K01/230.18 mi19, Princes Road East, Torquay, Torbay TQ1 1PF3
£360K12/220.19 mi26, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£246.5K05/210.22 mi38, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£191K08/210.22 mi62, Kenwyn Road, Torquay, Torbay TQ1 1LX3
£276.5K02/230.23 miCastle Dene, Castle Lane, Torquay, Torbay TQ1 3BE3
£160K02/210.23 mi33, Kenwyn Road, Torquay, Torbay TQ1 1LU3
£308K09/230.23 mi38, Chatsworth Road, Torquay, Torbay TQ1 3BL3
£175K05/230.23 mi32, Denys Road, Torquay, Torbay TQ1 1JL3
£310K03/210.24 miPenderyn, Hatfield Road, Torquay, Torbay TQ1 3BW3
£235K11/210.27 mi7, Palatine Close, Torquay, Torbay TQ1 1RD3
£142.5K10/200.27 mi79, Princes Road East, Torquay, Torbay TQ1 1PG3
£220K02/230.27 mi107, Princes Road East, Torquay, Torbay TQ1 1PG3
£210K06/230.28 mi48, Egerton Road, Torquay, Torbay TQ1 1JJ3
£325K07/210.28 miGlenton, Bronshill Road, Torquay, Torbay TQ1 3HA3
£230K02/210.29 mi9, Bronshill Mews, Torquay, Torbay TQ1 3HT3
£171.5K05/210.29 mi34, Berea Road, Torquay, Torbay TQ1 1JP3
£155K05/210.31 mi3, Grafton Terrace, Torquay, Torbay TQ1 1QG3
£210K05/210.31 mi5, Grafton Terrace, Torquay, Torbay TQ1 1QG3
£353K08/230.32 mi36, St Marychurch Road, Torquay, Torbay TQ1 3JE3
£278K10/210.32 mi108, Windsor Road, Torquay, Torbay TQ1 1ST3
£250K07/230.32 mi108, Windsor Road, Torquay, Torbay TQ1 1ST3
£185K01/210.33 mi10, Netherleigh Road, Torquay, Torbay TQ1 3HB3
£221K09/210.33 mi8, Netherleigh Road, Torquay, Torbay TQ1 3HB3
£185K05/210.35 mi16, Grange Road, Torquay, Torbay TQ1 1JZ3
£260K06/210.36 mi2, Pine View Road, Torquay, Torbay TQ1 1JT3
£205K05/210.37 mi1, Florida Road, Torquay, Torbay TQ1 1JY3
£227.5K01/210.38 mi13, Reddenhill Road, Torquay, Torbay TQ1 3RQ3
£284K06/230.38 mi6, Hingston Road, Torquay, Torbay TQ1 3RA3
£245K08/210.38 mi10, Hingston Road, Torquay, Torbay TQ1 3RA3
£205K10/200.38 mi14, Windermere Road, Torquay, Torbay TQ1 3RF3
£250K12/210.38 mi21, Windermere Road, Torquay, Torbay TQ1 3RF3
£220K04/210.39 mi29, Hingston Road, Torquay, Torbay TQ1 3RA3
£325K01/210.39 mi138, Windsor Road, Torquay, Torbay TQ1 1SR3
£240K01/230.41 mi29, Windermere Road, Torquay, Torbay TQ1 3RF3
£199.9K02/210.41 mi4, St Pauls Crescent, Torquay, Torbay TQ1 3QN3
£300K06/210.42 mi188, Windsor Road, Torquay, Torbay TQ1 1SP3

Local Rents

19 rents from £535/mo to £2.1K/mo, average is £1.2K/mo.

RentDateDistanceAddressBeds 
£1,20003/250.04 mi-3
£53510/240.08 mi-3
£87509/240.11 mi-3
£1,05009/240.19 mi-3
£1,08504/250.24 mi-3
£97509/240.24 miEllacombe Church Road, Torquay, Devon3
£1,20009/240.26 mi-3
£1,07011/240.31 mi-3
£1,25009/240.4 mi-3
£1,40009/240.44 miThurlow Road, Torquay3
£1,65009/240.52 mi-3
£1,50010/240.52 mi-3
£1,40009/240.53 miForest Road, Torquay3
£1,30009/240.53 miSt Lukes Road North, Torquay3
£2,10009/240.57 mi-3
£1,05009/240.57 miGuestland Road, Torquay3
£1,20009/240.58 miMuseum Way, Torquay3
£1,50001/250.6 mi-3
£1,60003/250.6 mi-3

Local Area Statistics

Population in TQ1

31,207

Population in Torquay

65,319

Town centre distance

0.85 miles away

Nearest school

0.20 miles away

Nearest train station

0.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

-3%

Sales demand

Buyer's market

Capital growth (5yrs)

+21%

Property History

Listed for £70,000

January 9, 2025

Floor Plans

Description

  • Offered for sale by public auction - Thursday 13th February 2025 +
  • In need of complete modernisation throughout, offering much scope and potential +
  • Entrance hallway +
  • Spacious living room +
  • Good sized kitchen +
  • Large room on the lower ground floor with door to rear courtyard and door to bathroom +
  • On the first floor there are two bedrooms (one to the front and one to the rear) +
  • Family bathroom +
  • Rear courtyard having space to sit out and with access to useful outbuilding +
  • Viewings by Open House Events Only +

Situated on Princes Road of Torquay, this terraced house presents an excellent opportunity for those looking to put their own stamp on a property. The house, with 3 bedrooms and 2 bathrooms, is being offered for sale by public auction on Thursday 13th February 2025. (Unless Sold Previously)

Upon entering the property, there is an entrance hallway with doors leading to the principle rooms, as well as stairs to both the first floor and lower ground floor.

The spacious living room to the front aspect has a useful storage cupboard, whilst the good-sized kitchen is in need of replacing, features a window to the rear.

The lower ground floor offers a large room with a door to the rear courtyard and access to the bathroom.

Moving up to the first floor, you will find two bedrooms - one to the front and one to the rear - along with a family bathroom.

The rear courtyard offers space to sit out and relax, with access to a useful outbuilding, ideal for storage or potential for conversion to create a home office space.

Princes Road is a popular residential street in Torquay, known for its close proximity to local amenities, schools, and transport links. The vibrant town centre and picturesque seafront are just a short distance away, offering a wide range of shops, restaurants, and entertainment options.

Overall, this property on Princes Road provides an exciting opportunity for buyers willing to undertake a renovation project. With its fantastic location and potential for modernisation, this terraced house is sure to appeal to those looking to create their ideal home in the heart of Torquay.

Don't miss out on the chance to make this property your own at auction on 13th February 2025.

OPEN HOUSE VIEWING DATES:
Tuesday 14th January 2025: 2pm - 3pm
Saturday 25th January 2025: 10am - 11am
Tuesday 28th January 2025: 2pm - 3pm
Saturday 8th February 2025: 10am - 11am
Tuesday 11th February 2025: 2pm - 3pm

Agent Details

Woods Estate Agents, Auctioneers and Letting Agents., Kingsteignton

01626 242937

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪